McDonald's Q3 Earnings Mixed, But Same-Store Sales Growth Strong

Posted October 25, 2017

Royal Bank Of Canada set a $175.00 target price on McDonald's Corporation and gave the company a buy rating in a research note on Wednesday, July 26th.

MCD has been the subject of a number of other reports.

McDonald's shares were climbing less than 1 percent in premarket trade on the news. Credit Suisse maintained the stock with "Buy" rating in Thursday, June 8 report. Credit Suisse upgraded McDonald's Corporation (NYSE:MCD) on Tuesday, September 29 to "Outperform" rating. Yakira Capital Management Inc. owns 385,430 shares or 2.31% of their U.S. portfolio. The firm has "Buy" rating given on Monday, October 2 by Robert W. Baird. Three equities research analysts have rated the stock with a sell rating, seventeen have issued a hold rating and fifteen have issued a buy rating to the company's stock. BidaskClub downgraded McDonald's Corporation from a buy rating to a hold rating in a research note on Thursday, August 3rd. Sns Lc has 0.14% invested in McDonald's Corporation (NYSE:MCD) for 3,487 shares. Cap Advsr Inc Ok accumulated 6,835 shares. Yhb Advisors has invested 1.15% in McDonald's Corporation (NYSE:MCD). The company has a market cap of $134.70 billion, a PE ratio of 27.22 and a beta of 0.69.

Let's also take a brief look at the stock price in relation to some highs/lows and moving averages.

McDonald's Corporation (NYSE:MCD) last announced its quarterly earnings results on Tuesday, July 25th. The Gradient Investments Llc holds 1,147 shares with $94,000 value, down from 85,342 last quarter. The company had revenue of $5.75 billion for the quarter, compared to the consensus estimate of $5.75 billion. The firm's quarterly revenue was down 3.4% compared to the same quarter previous year. The stock of McDonald's Corporation (NYSE:MCD) earned "Hold" rating by Canaccord Genuity on Tuesday, July 25.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $4.04 dividend on an annualized basis and a dividend yield of 2.47%. McDonald's Corporation's payout ratio is presently 61.54%. Pittenger & Anderson Inc acquired 3,027 shares as Mcdonalds Corp (MCD)'s stock rose 15.92%. The shares were sold at an average price of $158.50, for a total transaction of $2,739,831.00. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold. The stock was sold at an average price of $154.44, for a total value of $1,666,870.92. Another trade for 22,833 shares valued at $1.83M was sold by Harrington Michael J. The disclosure for this sale can be found here. NC now owns 47,634 shares of the fast-food giant's stock valued at $5,495,000 after buying an additional 6,606 shares during the last quarter. Insiders own 0.24% of the company's stock. It dropped, as 68 investors sold MCD shares while 616 reduced holdings.

Results for the quarter and nine months reflected stronger operating performance and G&A savings. Among the top institutional holders, the Vanguard Group Inc., Blackrock Inc. and State Street Corp. stand out with 7.07% of McDonald's shares outstanding, 6.74% and 5.12%, as of June 29.

Sabal Trust Co decreased its stake in Mcdonalds Corp (MCD) by 21.58% based on its latest 2017Q2 regulatory filing with the SEC. Pennsylvania Trust Co now owns 108,250 shares of the fast-food giant's stock valued at $13,027,000 after buying an additional 3,477 shares during the last quarter. Janus Henderson Group PLC lifted its holdings in shares of McDonald's Corporation by 3,951.0% in the 2nd quarter. Capital Research Global Investors now owns 12,058,661 shares of the fast-food giant's stock worth $1,846,905,000 after purchasing an additional 1,572,074 shares during the last quarter.

As of the end of the quarter Shell Asset Management CO had sold a total of 230 shares trimming its stake by 0.5%. BlackRock Inc. now owns 54,606,388 shares of the fast-food giant's stock worth $8,363,515,000 after purchasing an additional 1,586,761 shares during the last quarter.

McDonald's Corporation (McDonald's) operates and franchises McDonald's restaurants.